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Next Monthly Coin Show
Coin Show - Monthly Notes from September 2019
Visit the next Greater Atlanta Coin Show to see what old and new treasures the dealers display in their showcases.
Between monthly shows, dealers obtain new and exciting collectibles to add to their displays. Their numismatic collectibles vary widely from ancient to colonial to old to new coins and currency.
Several dealers also offer bullion in gold, silver, platinum and palladium.
Even though it's a "coin show," dealers also have other collectible interests as well and offer money related objects, military collectibles, precious and semi-precious stones, jewelry and other items that strike their fancy.
The show also invites people to bring items for free verbal appraisals for which dealers can make offers to buy within the current market.
Mark your calendar and visit the next Greater Atlanta Coin Show on Sunday, October 13, 2019 in the Joe Mack Wilson ballroom to buy, sell, trade or just browse among the many items on display.
1818 Twenty-Five Cent Coin
1877 One-Cent Coin
75 BC Silver Denarius
Valens 364-378 AD
Visitors to the September 2019 Greater Atlanta Coin Show enjoyed a pretty day outside and a bourse filled with dealers and their showcases packed with coins, currency, bullion and other collectibles on the inside.
For a late summer Sunday, the weather provided a beautiful day with temperatures in the 80s and a reasonable humidity level. Warm, but not hot, just a nice day to be out and about.
Inside, the hotel space was comfortable. Like most Sundays, we shared the hotel with a couple of churches that hold their services in some of the smaller rooms on the conference floor and down one level.
Of course, people had to discuss football in addition to coins as that season had begun.
We appreciate all the people who help make the coin show a fun and busy place to visit each month, from the visitors to the dealers to the security to the hotel's staff. All of you play an important role to the show, and we are thankful.
This month had a lot of visitors during the midday with many new faces among those who visit frequently. Welcome to all of you and thank you for coming.
Some of the people visiting the September show brought items to be appraised and to sell including quarters, buffalo nickels, $50, $100, gold and at least one Rolex.
Of course, we had people looking for treasures to add to their collections from those looking in general to those searching for specific items.
Our young friend from a couple of months ago came back looking to add to her Indian Head Cent collection. Her dad says that she only lacks a few more coins to complete her set.
We hope she found one or two or more at the show.
As usual, several visitors came looking specifically for silver and gold. Some prefer coins such as Morgan dollars or gold coins while others prefer bullion coins such as silver or gold eagles.
Though not as popular as in recent years, people also came looking for proof sets with their shiny and almost perfect coins.
The bourse with its many dealers satisfies a broad variety of interests in numismatic collecting.
Now for just a few of the items seen on the bourse.
NGC notes for this coin:
"The 1818 quarter dollar is among the most common issues of the Capped Bust, Large Size type. Indeed, its mintage exceeds that of any other date by more than 100,000 pieces. Mint State pieces are plentiful with respect to those other dates, and nice circulated specimens are also readily available.
"The production of 1818 quarter was spread over eight deliveries lasting from April to December. The largest of these, that of July 6, was for 228,494 pieces.
"Ten die marriages are known from the pairing of five obverse dies with seven reverses. Browning varieties 2, 3, 4, 8 and 10 are common, while B-5, -6, and -7 are somewhat scarce.
"The only variety that is close to being rare is B-9, while the popular overdate, B-1, is common. B-3 shares its obverse die, which is in a later state no longer showing the overdate."
At a VF-35, this coin provides a nice example of the large diameter Capped Bust twenty-five cent coin of the early 1800s.
Our first collectible is a twenty-five cent coin from the early 19th century.
This 1818 coin graded by NGC (Numismatic Guaranty Corporation) as VF-35 is a nice example of an early American Capped Bust twenty-five cent coin of the large diameter variety.
Designed by John Reich, the US Mint in Philadelphia produced just over 361,000 of the silver quarters in 1818.
The Mint first struck this coin in years from 1815 to 1828. They skipped years 1816 and 1817 then 1826.
This particular coin is part of the regular 1818 strike, but there is another type with an 8 over 5.
PCGS (Professional Coin Grading Service) graded the next coin as a VG-10-BN specimen of the Indian Head Cent.
The US Mint produced the Indian Head Cent from 1859 to 1909. The first years from 1859 to 1864 were made from copper and nickel.
In 1864 the metal composition changed to bronze consisting of 95% copper and 5% tin and zinc.
The PCGS site contains the following commentary by Jaime Hernandez:
"The 1877 Indian Cent is unquestionably the most desirable coin in the entire circulation strike Indian Cent series. It is the second lowest mintage coin in the series, and only the 1909-S Indian cent has a lower mintage.
"Despite the 1877 Indian cent having the second lowest mintage in the series, it also survives in much smaller numbers than the 1909-S Indian cent. This is mainly due to the lack of coins being collected in 1877 compared to 1909.
"There is only one reverse die confirmed as striking all existing 1877 Indian cents. However, if there was only one reverse die employed to strike all (877,000)1877 Inidan cents, then this lone die should have sustained major plachet flaws when striking such a large mintage.
"Surprisingly, this is not the case since 1877 cents show no traces of a damaged die. Therefore, it is strongly believed that the mintage of 877,000 coins struck, is actually a highly inflated figure."
Note this coin's holder also contains a green CAC sticker. This "signifies that a coin has met Certified Acceptance Corporation's stringent grading standards."
Per the ANA Professional Grading Standards, the VG-10 grade means the coin has even wear throughout the entire coin where parts of the rim may be flat but still discernible.
Given this coin is desired due to its low mintage, this specimen in this grade would still be a nice addition to an Indian Head Cent collection.
Its obverse contains a diademed and draped bust of Libertas facing right, S C below chin, MENSOR before, pileus and control-numeral behind, bead and reel border.
The reverse tells a tale with a warrior in a biga right, holding a spear and reining in horses while he helps togate figure to mount into the chariot, scorpion below, L FARSVLEI in exergue.
pileus: a felt skullcap worn by the ancient Romans and Greeks.
biga: a two-wheeled chariot drawn by two horses harnessed abreast
togate: dressed in a toga
The next coin goes back in time to a silver Roman Republican coin of 75 BC.
This is a Silver Denarius of L. Farsuleius Mensor.
The next examples are two coins from the Romans representing Valens from 364 to 378 AD.
The top coin shows a diademed, draped, cuirassed bust facing right on the obverse.
The reverse has Victory advancing left carrying wreath and palm frond.
These coins were displayed together, but it's difficult to determine if the bottom coin has the same design.
There are many different Valens coins from that period. All have a similar bust on the obverse, however their reverse designs differ based on the different regions and mints producing the coins.
One ancient coins web site provides historical background:
One ancient coin web site notes: It has been suggested that it [the scorpion] represents the constellation Scorpio and that this, through astrology, points to the driver of the biga being the god Mars.
While another web site describes the coin as:
"A beautiful Republican silver denarius struck in 75 BC, the obverse with a depiction of the goddess Libertas, identified by the pileus or liberty cap behind her head. The reverse with Mars or perhaps Roma in full military attire helping an unarmed figure into a chariot, their clasped hands suggesting a reconciliation. Perhaps a reference to the acceptance of the Italians into Roman citizenship after the Social War."
In addition to being a nice coin for being over 2000 years old, the design provides interesting insights into that period in history.
"Valens was made co-emperor by his elder brother Valentinian I, and governed the eastern provinces.
"He contended ineffectually against the Sassanid empire in the east as well as a flow of Gothic refugees encroaching into Roman territory.
"This latter affair eventually resulted in a war against a huge confederation of Gothic tribes, Ostrogoths, Huns and Alans.
"At the disastrous Battle of Adrianople in 378, two-thirds of the eastern Roman army was destroyed and Valens himself killed."
Though their designs are not clear, it's interesting to hold these coins and wonder at the stories they could tell of the Roman empire.